Common use of Right of Landlord to Relet Clause in Contracts

Right of Landlord to Relet. If and when the Landlord is entitled to re-enter the Premises, the Landlord will have the right, if it thinks fit, to enter the same as the agent of the Tenant either by force or otherwise, without being liable to any prosecution therefor and without terminating this Lease, to make such alterations and repairs as in the Landlord’s opinion are necessary to facilitate a reletting of the Premises, and to relet the Premises as the agent of and at the risk of the Tenant and to receive the Rent therefor. Upon each such reletting, all Rent received by the Landlord from such reletting will be applied: first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage and solicitor’s fees, and of costs of any alterations and repairs; and third, to the payment of Rent due and unpaid hereunder. The residue, if any, will be held by the Landlord and applied in payment of future Rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant will pay any such deficiency, which will be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Premises by the Landlord pursuant to this section 16.2 will be construed as an election on its part to terminate this Lease, unless a written notice of such intention is given to the Tenant.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Right of Landlord to Relet. If and when the Landlord is entitled to re-enter the Premises, the Landlord will have the right, if it thinks fit, to enter the same as the agent of the Tenant either by force or otherwise, without being liable to any prosecution therefor and without terminating this Lease, to make such alterations and repairs as in the Landlord’s opinion are necessary to facilitate a reletting of the Premises, and to relet the Premises as the agent of and at the risk of the Tenant and to receive the Rent therefor. Upon each such reletting, all Rent received by the Landlord from such reletting will be applied: first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage and solicitor’s fees, and of costs of any alterations and repairs; and third, to the payment of Rent due and unpaid hereunder. The residue, if any, will be held by the Landlord and applied in payment of future Rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant will pay any such deficiency, which will be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Premises by the Landlord pursuant to this section 16.2 14.2 will be construed as an election on its part to terminate this Lease, unless a written notice of such intention is given to the Tenant.

Appears in 1 contract

Samples: Lease Agreement

Right of Landlord to Relet. If and when the Landlord is entitled to re-enter the Premises, the Landlord will have the right, if it thinks fit, to enter the same as the agent of the Tenant either by force or otherwise, without being liable to any prosecution therefor and without terminating this Lease, to make such alterations and repairs as in the Landlord’s opinion are necessary to facilitate a reletting of the Premises, and to relet the Premises as the agent of and at the risk of the Tenant and to receive the Rent therefor. Upon each such reletting, all Rent received by the Landlord from such reletting will be applied: first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such reletting, including brokerage and solicitor’s fees, and of costs of any alterations and repairs; and third, to the payment of Rent due and unpaid hereunder. The residue, if any, will be held by the Landlord and applied in payment of future Rent as the same becomes due and payable hereunder. If such Rent received from such reletting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant will pay any such deficiency, which will be calculated and paid monthly in advance on or before the first day of each and every month. No such re-re- entry or taking possession of the Premises by the Landlord pursuant to this section 16.2 Section 14.2 will be construed as an election on its part to terminate this Lease, unless a written notice of such intention is given to the Tenant.

Appears in 1 contract

Samples: Lease Agreement

Right of Landlord to Relet. If and when the Landlord Restaurant is entitled abandoned or vacated or the Tenant is not carrying on operations therein as required by this Lease or the Tenant is otherwise in default pursuant to re-enter the Premisessection 28.5, the Landlord will have the right, if it thinks fit, to enter the same as the agent of the Tenant either by force or otherwise, without being liable to any prosecution therefor and without terminating this Lease, to make such alterations and repairs as in the inthe Landlord’s 's opinion are necessary to facilitate a reletting re-letting of the PremisesRestaurant, and to relet re-let the Premises Restaurant as the agent of and at the risk of the Tenant and to receive the Rent therefortherefor . Upon each such relettingre-letting, all Rent received by the Landlord from such reletting re-letting will be applied: first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such relettingre-letting, including brokerage and solicitor’s 's fees, and of costs of any alterations and repairs; and third, to the payment of Rent due and unpaid hereunder. The residue, if any, will be held by the Landlord and applied in payment of future Rent as the same becomes due and payable hereunder. If such Rent received from such reletting re-letting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant will pay any such deficiency, which will be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Premises Restaurant by the Landlord pursuant to this section 16.2 clause 28.2 will be construed as an election on its part pa rt to terminate this Lease, unless a written notice of such intention is given to the Tenant.

Appears in 1 contract

Samples: Lease Agreement

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Right of Landlord to Relet. If and when the Landlord Restaurant is entitled abandoned or vacated or the Tenant is not carrying on operations therein as required by this Lease or the Tenant is otherwise in default pursuant to re-enter the Premisessection 28.5, the Landlord will have the right, if it thinks fit, to enter the same as the agent of the Tenant either by force or otherwise, without being liable to any prosecution therefor and without terminating this Lease, to make such alterations and repairs as in the inthe Landlord’s 's opinion are necessary to facilitate a reletting re-letting of the PremisesRestaurant, and to relet the Premises Restaurant as the agent of and at the risk of the Tenant and to receive the Rent therefortherefor . Upon each such relettingre-letting, all Rent received by the Landlord from such reletting re-letting will be applied: first, to the payment of any indebtedness other than Rent due hereunder from the Tenant to the Landlord; second, to the payment of any costs and expenses of such relettingre-letting, including brokerage and solicitor’s 's fees, and of costs of any alterations and repairs; and third, to the payment of Rent due and unpaid hereunder. The residue, if any, will be held by the Landlord and applied in payment of future Rent as the same becomes due and payable hereunder. If such Rent received from such reletting re-letting during any month is less than that to be paid during that month by the Tenant hereunder, the Tenant will pay any such deficiency, which will be calculated and paid monthly in advance on or before the first day of each and every month. No such re-entry or taking possession of the Premises Restaurant by the Landlord pursuant to this section 16.2 clause 28.2 will be construed as an election on its part pa rt to terminate this Lease, unless a written notice of such intention is given to the Tenant.

Appears in 1 contract

Samples: Lease Agreement

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